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The Latest Breaking News from IRS

Trump plan to eliminate tip tax garners Capitol Hill interest - Roll Call

Former President Donald Trump again trotted out his desire to eliminate federal taxes on income from tips.

Roll Call

SEP IRA vs. Solo 401(k): Which Is Better?

Two retirement plans, the solo 401(k) and SEP IRAs, allow small business owners and the self-employed to save up to $69,000 annually.

Kiplinger

HSA Contribution Limit Rising Again for 2025

Contribution limits matter when it comes to maximizing your tax-advantaged health savings account.

Kiplinger

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Trump Wants To Exempt Tips From Income Taxes. Why Stop There?

Reducing revenue without identifying offsetting spending cuts means Trump is merely promising to borrow more heavily.

Reason

How to Roll Over a 401(k) in Five Steps

Here's how to roll over a 401(k) to a traditional IRA, Roth IRA or even to a Roth 401(k).

Kiplinger

IRS audit could cost Trump over $100M

IRS probe concluded that Trump effectively claimed the same massive write-off twice on his failed Chicago tower

Salon

Do You Fear an IRS Audit? You Shouldn't if You Do Your Homework

If you document everything, there’s no reason to freak out if the IRS audits you. Audits are mostly about seeking documentation, not making accusations.

Kiplinger

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Scams in Retirement: How to Get Fraudsters to Scram

If a caller asks you for money or personal info like account numbers and passwords, you should hang up. Here’s how to spot scammers and protect yourself.

Kiplinger

Three IRS Tax Deadlines for June 17

There are some important June IRS tax deadlines you shouldn’t overlook.

Kiplinger

IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it

Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all

The Independent UK

House Members Urge POTUS To Help Free Binance Exec 'Wrongfully Detained' In Nigeria

A group of House representatives have asked the U.S. President to transfer Tigran Gambaryan's case to the Office of the Special Presidential Envoy for Hostage Affairs following his reported health deterioration in Nigerian custody.

International Business Times

“Get A Job”: Michael Jackson’s Kids Can’t Get Money From His Estate Due To IRS Dispute

"The Estate works with them to ensure that they are very well taken care of, just as Michael would have wanted," the singer's estate said in a statement. The post “Get A Job”: Michael Jackson’s Kids Can’t Get Money From His Estate Due To IRS Dispute first appeared on Bored…

Bored Panda

Five Ways to Catch Up on Retirement Savings

If you’re in your highest-earning years, you can make up for lost time.

Kiplinger

Michael Jackson's children blocked from late singer's trust over '$700m tax bill'

Michael Jackson’s three children and his mother have been blocked from receiving funds from the late singer’s trust until a hefty tax bill has been settled.

Evening Standard

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Latin Times

IRS Direct File program will now be a permanent option for taxpayers across all states

IRS Direct File pilot program was first rolled out this year. Now it will be a permanent option for taxpayers looking to file their returns online for free.

TechRadar

The IRS is keeping its free tax filing service for the foreseeable future

Taxpayers were so happy with Direct File that the IRS has unveiled plans for a US-wide rollout.

Kiplinger

How to Assess and Sell Your Collectibles

A look at how to assess and sell collectibles that you keep, including jewelry, coins, sports memorabilia and more.

Kiplinger

The Best Way to Defer RMDs (and Their Tax Bills): QLACs

Concerned about RMDs? Worried about outliving your retirement savings? A qualified longevity annuity contract defers some RMDs and guarantees lifetime income.

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news in one place.

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One news app.

Kiplinger

Worried Your Heirs Will Blow Their Inheritance? Make a Plan

Ensuring that younger generations don’t waste the wealth you’ve worked so hard to build starts with careful estate and tax planning.

Kiplinger

The Do’s and Don’ts of Inherited IRAs

When you inherit an IRA, you likely have a lot of questions. Do you need to take RMDs? When? How long do you have before the account must be cleaned out?

Kiplinger

The IRS is Ramping up Tax Audits

Wealthy individuals, large corporations and partnerships are all audit targets, thanks in large part to the IRS's multi-billion dollar windfall.

Kiplinger

Three Reasons It May Look Like You Love the IRS More Than Your Family

Consider these strategies to avoid overpaying taxes on your hard-earned money. Your family will thank you for it. (And you’ll thank yourself.)

The Guardian - US

Revealed: the extremist Maga lobbying group driving far-right Republican policies

Documents show the Conservative Partnership Institute is pushing its far-right agenda at events involving GOP members

International Business Times UK

Brazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says No

Yellen announces US opposition to global wealth tax, despite support from Brazil, France, and others.

Barchart

Investing in Gold? Forget GLD, Buy PHYS Instead

Many groups are piling into gold, including central banks and sovereign governments. Gold has also become very popular among individual Chinese investors and family offices that cater to the global rich. Most of these investors choose physical gold. That's what famed investor Michael Burry did. But instead of the GLD…

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